I’ve been in the Crypto market for sometime and have been successfully trading/Swinging. However, back in February for the first time I participated in an ICO.
The coin has been listed this month on four unpopular of exchanges: IDEX, HitBTC, Stocks.Exchange and SistemKoin where the price is already 300% of the ICO price in a week time.
I’m not in need to cash out, but I’m talking strategy here. And I’m seeking advice from the ICO experts here:
1) clearly it was a successful ICO, for a start. But how high do you wait the price to go before cashing out?
2) is it wise to wait first for it to hit more popular exchanges like Poloniex, KuCoin, Cryptopia... etc before cashing out?
In other words, is your trigger associated with price, exchange or timeframe?
Thank you in advance.
The coin has been listed this month on four unpopular of exchanges: IDEX, HitBTC, Stocks.Exchange and SistemKoin where the price is already 300% of the ICO price in a week time.
I’m not in need to cash out, but I’m talking strategy here. And I’m seeking advice from the ICO experts here:
1) clearly it was a successful ICO, for a start. But how high do you wait the price to go before cashing out?
2) is it wise to wait first for it to hit more popular exchanges like Poloniex, KuCoin, Cryptopia... etc before cashing out?
In other words, is your trigger associated with price, exchange or timeframe?
Thank you in advance.
It is wise to take your initial investment when you already have HUGE 300% of profits, the further action literally depends on your expectations for the particular project. If you believe that they are good enough fundamentally and the team is strictly committed then you can hold if you are not a day trader. It is crypto 300% UP today 400% down tomorrow. Do your risk management and take back what you have invested. It's all individual strategy.